Querry on fema

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If a an educational institution recieves fees in foreign currency, what are the compliances to be done under FEMA?

 

Replies (3)
Originally posted by : CHANDAN KUMAR SINGH

If a an educational institution recieves fees in foreign currency, what are the compliances to be done under FEMA?

 

same query sir

it ll be same as in case of remmittence.....have to intimate RBI within 30days.....

Originally posted by : ketan

it ll be same as in case of remmittence.....have to intimate RBI within 30days.....

Can U tell the procedure of the same?


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